Nordic Aged Care follows two predecessor funds that focused exclusively on care home assets in Finland. With the first close, the new fund is already halfway towards its € 250 M final close target.
 
In common with the rest of Europe, the population of the Nordic countries is ageing rapidly. This demographic development is anticipated to create substantial demand for residential care homes for the elderly in the coming decades.
 
Nordic Aged Care aims to help meet the additional demand by expanding investment in elderly care homes and similar residential care assets beyond Finland to Sweden, Norway and Denmark.
 
"We already see a substantial shortage of care facilities across the Nordics to accommodate the present and future need for more beds and more flexible care. This creates a unique opportunity for private equity real estate investors. We much appreciate the support of our first closers to the new fund," says Michael Schönach, CEO of Northern Horizon.